SpaceX’s debut on the public markets this Friday will lock Elon Musk’s aerospace venture into a valuation that could make Musk a trillionaire. The prospectus shows Antonio Gracias and his firm Valor Equity Partners will receive 6.7 % of the new Class A stock, translating to a $68 billion holding. That slice makes him the company’s second‑largest shareholder and positions the firm among elite tech investors.

Gracias, 55, built Valor from a distressed‑asset boutique into a private‑equity powerhouse that rode early bets on Tesla and SpaceX to outsized returns. His relationship with Musk began when the entrepreneur was still a fledgling startup founder, and the pair have since shared several ventures. His stake also provides a clear exit path for early backers seeking liquidity.

Investors will watch the SpaceX float for clues on how much capital the company can tap for its Starlink rollout, Starship development and satellite‑service contracts. With a $68 billion stake, Gracias now sits directly behind Musk in voting power, giving him a tangible voice in strategic decisions that could shape the commercial space market for years and could influence pricing of future launch services.